Jan. 16 (Bloomberg) -- Rockhopper Exploration Plc climbed
to an 11-month high in London trading after a report that Cairn
Energy Plc is in talks with the only company to have made a
potentially commercial oil find near the Falkland Islands.

Rockhopper rose 10 percent by the 4:30 p.m. market close
to 303.75 pence, the highest since February.

The Sunday Times newspaper reported yesterday that Cairn is
in talks with Rockhopper, without saying where it got the
information. The Financial Times said today that discussions
last year didn’t lead to a deal, though talks could resume in
the next few weeks.

Rockhopper Chairman Pierre Jungels said last month the
company has a range of options for the Sea Lion prospect and
that it will open a data room to seek partners. The company
needs about $2 billion to develop the find off the islands that
Margaret Thatcher went to war to keep British in 1982.